The parent company of two internet gambling sites has agreed in principal to purchase a struggling Atlantic City casino.
Rational Group, US Holdings has filed an application to run the casino with the New Jersey gaming enforcement division.
Company COO, Michael Frawley, previously issued a statement saying: "The acquisition of The Atlantic Club Casino Hotel will secure up to 2,000 jobs and maintain the economic benefits the casino brings to New Jersey."
The company hopes to boost visits and revenue by holding poker tournaments in the casino.
Atlantic Club Casino Hotel has now filed notice to 1,729 employees that they may lose their jobs. The company says the layoff notice is a formality as part of the pending sale.
The troubled casino has going through a number of changes since it was built in 1980 as a Golden Nugget property.
New Jersey is considering allowing on-line gambling, a move that is facing resistance by federal regulators.
Monday, May 20 2013 10:42 PM EDT2013-05-21 02:42:18 GMT
Omar Morales feels lucky to be here for his son Joshua's 10th birthday on Monday. Morales was one of the passengers on board a USAir flight that made an emergency landing at Newark Liberty.
Omar Morales feels lucky to be here for his son Joshua's 10th birthday on Monday. Morales was one of the passengers on board a USAir flight that made an emergency landing at Newark Liberty.
Monday, May 20 2013 7:05 PM EDT2013-05-20 23:05:15 GMT
A private country club opened its golf course to the public for a charity tournament to raise money for Superstorm Sandy relief. The Westlake Golf and Country Club in Jackson hosted the event on May 13,
A private country club opened its golf course to the public for a charity tournament to raise money for Superstorm Sandy relief. The Westlake Golf and Country Club in Jackson hosted the event on May 13,
Saturday, May 18 2013 10:14 PM EDT2013-05-19 02:14:35 GMT
An airline official says a US Airways flight with 34 people aboard was forced to make a belly landing at Newark International Airport after experiencing landing gear trouble. No injuries were reported.
An airline official says a US Airways flight with 34 people aboard was forced to make a belly landing at Newark International Airport after experiencing landing gear trouble. No injuries were reported.
Photo courtesy Atlantic Club Casino
